Tamarisk Inc., a fertilizer company based in Saskatchewan, had
the following information in its financial statements...
Tamarisk Inc., a fertilizer company based in Saskatchewan, had
the following information in its financial statements for the
fiscal years ended December 31. All figures are in millions of
Canadian dollars.
2021
2020
2019
Cash and cash equivalents
$390
$1,560
$110
Accounts receivable
1,230
820
600
Current assets
5,010
3,690
1,560
Current liabilities
2,700
1,315
990
Calculate Tamarisk's (1) working capital, (2) current ratio, and
(3) acid-test ratio for each year. (Enter working
capital amounts in millions. Round ratio answers...
Liquidity Analyses for McDonald’s and Wendy’s
The following information was summarized from the balance sheets
included...
Liquidity Analyses for McDonald’s and Wendy’s
The following information was summarized from the balance sheets
included in Form 10-K of McDonald’s Corporation at December 31,
2015, and The Wendy’s Company and Subsidiaries at January 3,
2016.
McDonald’s
Wendy’s
(in millions)
(in thousands)
Current Assets:
Cash and cash equivalents*
$ 2,112
$ 253,912
Accounts and notes receivable
1,221
69,690
Inventories
113
8,832
Prepaid expenses and other...
Working Capital and Short-Term Firm Liquidity Ratios
Favor Company has a current ratio of 2.08 (2.08:1)...
Working Capital and Short-Term Firm Liquidity Ratios
Favor Company has a current ratio of 2.08 (2.08:1) on December 31.
On that date its current assets are as follows:
Cash and cash equivalents
$28,000
Short-term investments
87,000
Accounts receivable (net)
125,000
Inventory
258,500
Prepaid expenses
9,980
Current assets
$508,480
Favor Company's current liabilities at the beginning of the year
were $192,000 and during the year its operating activities provided
a cash flow of $38,830.
a. What are the firm's current liabilities...
Question 2
Selected financial statement data for Mure Company are presented
below.
December 31, 2017
December...
Question 2
Selected financial statement data for Mure Company are presented
below.
December 31, 2017
December 31, 2016
Cash
$ 40,000
$30,000
Short-term investments
20,000
18,000
Accounts receivable (net)
100,000
90,000
Inventory
80,000
60,000
Total current liabilities
100,000
90,000
During 2017, net sales were $950,000, and cost of goods sold was
$770,000.
Compute the current ratio at December 31, 2017.
(Round answer to 1 decimal place, e.g.
2.1:1)
Current ratio
:1
LINK TO TEXT
Compute the acid-test ratio at December...
CCC - Balance sheets 31 December 2018, 2017 assets 2018 2017
Fixed assets, net 600,000 500,000...
CCC - Balance sheets 31 December 2018, 2017 assets 2018 2017
Fixed assets, net 600,000 500,000 Inventory 70,000 50,000 Accounts
receivable, net 100,000 150,000 Cash 30,000 50,000 Total current
assets € 200,000 € 250,000 Total assets € 800,000 € 750,000 Equity
and liabilities 2018 2017 Share capital 300,000 200,000 Retained
earnings 80,000 100,000 Total equity € 380,000 € 300,000 Payable
bonds 200,000 250,000 Accounts payable 150,000 120,000 Income taxes
payable 70,000 80,000 Total current liabilities € 220,000 € 200,000
Total...
Exercise 3-17 (Algo) Calculating ratios; Bargain Deal
[LO3-8]
Bargain Deal, Inc., is a leading retailer specializing...
Exercise 3-17 (Algo) Calculating ratios; Bargain Deal
[LO3-8]
Bargain Deal, Inc., is a leading retailer specializing in
consumer electronics. A condensed income statement and balance
sheet for the fiscal year ended January 28, 2017, are shown
below.
Bargain Deal, Inc.
Balance Sheet
At January 28, 2017
($ in millions)
Assets
Current assets:
Cash and cash equivalents
$
2,146
Short-term investments
1,322
Accounts receivable (net)
1,247
Inventory
5,068
Other current assets
426
Total current assets
10,209
Long-term assets
3,718
Total assets...
Working Capital and Short Term Liquidity Ratios
Bell Company has a current ratio of 2.85 (2.85:1)...
Working Capital and Short Term Liquidity Ratios
Bell Company has a current ratio of 2.85 (2.85:1) on December 31.
On that date the company's current assets are as follows:
Cash
$30,400
Short-term investments
49,000
Accounts receivable (net)
171,000
Inventory
200,000
Prepaid expenses
11,600
Current assets
$462,000
Bell Company's current liabilities at the beginning of the year
were $138,000 and during the year its operating activities provided
a cash flow of $50,000.
a. What are the firm's current liabilities on December...
The following financial information was taken from a firm’s
accounting records on December 31, 2017. Use...
The following financial information was taken from a firm’s
accounting records on December 31, 2017. Use this information to
determine the items below. Cash $ 44,000 Accounts Receivable (Net)
171,840 Merchandise Inventory 506,160 Property, Plant, and
Equipment (Net) 480,000 Accounts Payable 152,000 Bonds Payable,
2025 180,000 What is working capital? What is current ratio? What
is acid test ratio?
Making Business Decisions: Loaning Money to The Coca-Cola
Company
As chief lending officer for a bank,...
Making Business Decisions: Loaning Money to The Coca-Cola
Company
As chief lending officer for a bank, you need to decide whether
to make a loan to The Coca-Cola Company. The current items, listed
in alphabetical order, are taken from the consolidated balance
sheets of The Coca-Cola Company and its competitor PepsiCo at the
end of 2015 and 2014 (included in the companies’ Form 10-Ks for the
year ended December 31, 2015 for Coca-Cola and December 26, 2015
for PepsiCo; all...
Required financial statements (for questions 1 and 2):
Verizon Communications (FYE: December 31, 2017)
1.
The...
Required financial statements (for questions 1 and 2):
Verizon Communications (FYE: December 31, 2017)
1.
The allowance for doubtful account balance made up what percentage
of Verizon’s accounts receivable (gross) on the December
31, 2017 balance
sheet?
The estimated percentage (in 1 above)
increased to
5%:
a) What
would be the new allowance for doubtful accounts and accounts
receivable (net of allowance) on the December 31, 2017 balance
sheet?
b) What
impact would the change in percentage have on bad...